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20121201
20121231
Search Results 0 to 14 of about 15 (some duplicates have been removed)
materials and technology lad a bit. the u.s. economy added 146,000 jobs in november as the unemployment rate dropped to four year low of 7.7%. today's report may not be as strong as it seemed, reporting employers added 49,000 fewer jobs in september and october than initially estimated. a preliminary reading showing consumer confidence plunging to its lowest level in four months. early december americans prepare for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the pits of the cme, michael tells us why dividend paying stocks are taught play regardless of next year's tax rate and charlie will share why he is bullish despite short-term volatility but let's start with phil at the cme. the dow did well today. better than expected, arguably better than expected, jobs report boosting the markets but we got consumer confidence and the fiscal cliffhanging over everything. what did you make of the markets today? >> i was disappointed we failed on that rally and shot up 1421 and
spread across the country. also, "money" tonight, a crash for gas prices. they are tumbling across the u.s. it's an early christmas gift for drivers but we'll tell you if the relief will last through the new year. >>> pepsi is crazy in love with beyonce. the music icon inks a $50 million deal to pitch its products. can she really make you stop drinking coke though? i say pepsi just got hosed. but a top marketing expert is here to disagree with me. even when they say it's not it is always about money melissa: firss, let's look at the day's market headlines of the leave it to congress to suck the air out of a good thing. stocks soared in early trading on hopes of a deal on the fiscal cliff. but a parade of speeches by congressional leaders this afternoon dump ad whole lot of water on the rally. stocks pared back from session highs. dow closed down 78 points. even dollar stores are having trouble making money today. dollar general shares got hammered. they warned of sluggish growth ahead and margins that would likely remain flat. >>> urban outfitters is mailing holiday catalogs filled with f-
's not going over well with the rest the world, including the u.s. and china. now we have some of the richest people in the world and they want the government to make more of your money. warren buffett, george soros, bill gates' dad they want the estate tax to go up and say the rate should start at 45% and go up from there. and millions would qualify to pay, but buffett and soros have an estate plan to avoid much of that tax. i'm quoting now, an estate tax with these guidelines to reduce the deficit and fund vital services and paid by only 10% of the estate. work your whole life and half of it goes to the children and half to the government and of course it's already been taxed when you earned it in the first place, is that fair? we're dealing with that today. i'm waiting for my special dividend from microsoft, but the company i own shares in has ramped up production of its new surface tablet. maybe that will help the stock. are you listening, steve ballmer? nicole, pre-market, where is the stock? >> stuart, you're making me laugh already and the show has barely begun. you're waiting for your
's president signing and a new law. how important egypt is to the u.s. courts lack we will talk about treasuries and borrowing costs. ♪ >> i am tracy byrnes with your fox business brief. it is another tough day for markets. right now, the dow is down about 57 points. murphy oil has reached a deal with walmart to build gas stations at the superstores over the next three years. though oil and gas giant approved a spinoff of its distribution business into a new company. toyota estimates that worldwide sales are up. this year's job will push toyota back to a top spot for the first time in two years surpassing general motors. that is the latest from the fox business network. giving you the power to prosperd ♪ oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. dagen: egypt's president signing into
trading sessions. crude closing the day up 23 cents a barrel at $85.79. u.s. small business sentiment plunging in november to the lowest level in nearly three years. national federation of independent businesses saying the index fell more than five points last month to 87.5, and 37% of business owners expect future business conditions to be worse than current conditions. liz: we have larry in the pits the chicago exchange, and no matter what happens, there's going to be a market that slamp slump, and why stocks could rise ten points next year. starting with larry at the c measuring e. you know, nobody's mentioning that the feds started a two-day meeting here. that's not a big issue. europe, though, are we seeing signs of stress again with the concerns about leadership in italy, and problems in greece, and should we pay attention to that than the fiscal cliff discussions? >> well, you know, right now, doesn't seem like the market is paying attention to that right now. it reminds me a lot of september, before the election, when the s&p's rallied. everything was con taped. we were worrie
for a hit against u.s., or hit gain values we told deep, if it is politically correct they are fine, if it is not forget it. neil: so much for that nobel prize for me. >> neither one of us will get it. neil: klein is buying, -- china is buying, this is getting insane. >> we mean it, santa knows, prices are insane! hit my me, t me [ laughter ] neil: those predicts within 50 years china could be premiere financial economic giant, they have moved it to 20 years, and it is getting less and less time as we speak, so within 20 years, china eclipses us as the financial juggernaut of the world, carlos gutierrez, what do you make of that? >> they reduced growth rate to about 5% of out years, they must be making low assumptions about u.s. growth rate, but this is a wake-up call we have to be thinking about the future, for some reason, the report talks about a governnnce gap. i think we have a political crisis that stems from the fact that we can't seem to -- to look forward, we're always solving yesterday's problem or today's crisis, but we have to start looking to the future, we have an imm
created by the federal reserve system and foreign central banks to finance the u.s. trash -- treasury makes it a situation where americans cannot appreciate the fiscal cliff sit. the deficit goes on as if there were no deficits because the banks are printing money to finance it. lou: with the projection that we're looking at a federal reserve balance sheet that will expand by a trail dollars over the course of the -- trillion dollars over the course of the next 12 months. that's significant funding into the monetary system. what do you think? is it a fore gone conclusion we'll see finally, and i'm not encouraging, but saying, finally, the true inflation? >> my own forecast for what it's worth is that the inflation will not really pick up until the unemployment rate falls much closer to 6%. the wages are so much under control that it's made, actually, the working people of america much more competitive with their competitive nations abroad which, i think, will be one of the surprises next year that we may do better next year, even under fiscal cliff arrangements. lou: can we do better
-- certainly implicated in the "fast and furious" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you set it up not fair, you did not say, deferred prosecution. lou: i'm sorry who is going to jail. i want to get this right. >> not yet, but if they don't pay the money, if they don't -- they have 5 years of probation, at this point, so,. lou: you are right. >> brewer and the rest of the crew -- >> lisa i'm crushed. >> here is reality check. standing behind him, is loretta lynch. that is where real people get prosecuted. you take this same scenario, you take all those zeros, and make it 19,000-dollars to a guy who owns a restaurant, that guy is going to jail as sure as i'm bald, this is too big to fail. lou: i'm getting worried, a sense of fairness, is arthur being fair. >> he is, i am trying to do the best i can to argue this. lou: the government does not need an advocate, they are using power irresponsibly, and against the national interest, what do you with drug cartels, -- >> that already happened now at least government gets
weeks before u.s. falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members n to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses have been. again, you know, not just tax rates it is authentic spending cuts, if we do
recoveries in u.s. history. it helps when you can go straight back and doing what you were doing. stuart: if only we had done in 2009 what ronald reagan did in 1982, but i'm out of time. you know i'm out of time, now that. >> which is set the highest rate at 50%? >> no. >> that's what it was. stuart: it stimulates the private sector, not all government all the time. that's the story. aw austan, i'm sorry, i really am out of time. thank you, sir. more "varney & company" in a moment. >> a strong earthquake hit the coast of japan in the same region where the fukushima plant was devastated last year. no tsunami waves this time around. 7.3 magnitude quake and shook buildings more than 200 miles away in tokoyo, a tsunami warning has now been called off. we've been reporting this for months here on "varney & company." gun sales, they are absolutely booming. and now, smith & wesson, the gun people, they made a profit and they raised their outlook and the stock is going to be up come that opening bell. charles,you're buying gun stocks? >> i've got to it will you, i wanted to feature this on maki
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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